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http://www.rssboard.org/rss-specificationmojoPortal Blog Moduleen-US120noFree Public Offering of Counos Coin and Its Effect on the Future of CryptocurrenciesThe market of cryptocurrencies has revived in recent years, and the growth of all outstanding cryptocurrencies have experienced a positive process. The news of free public offering of Counos Coin can have an acceptable effect on the positive economic role of cryptocurrencies. Counos platform intends to raise the demand for the market of cryptocurrencies via public and free offering of Counos Coin to the users. This decision can change Counos Coin into a decentralized coin.

Bitcoin’s Experience and the Chance of Its Repetition

Bitcoin entered the field of financial technology in 2009. Although Bitcoin is currently considered the most valuable cryptocurrency in the market, it didn’t have any dramatic financial value in the very beginning of its advent. In April 2011, Bitcoin had a value equal to one dollar, and on June 21, 2019, this cryptocurrency experiences a value of $10700. Only in 8 years, the value of Bitcoin has grown more than ten thousand times. Almost everyone who knows a little about the market of cryptocurrencies has wished he would have saved some amount of its capital on Bitcoin. This capital has had an unprecedented growth in a short run.

The fast growth of the Bitcoin price has many reasons. The limitation in the number of Bitcoins (total number of to-be-mined coins will ultimately approach a figure about 21 million), the increase of welcoming cyberspace users to trade with Bitcoin and also a wide database of investment, all ended in exorbitant growth of Bitcoin. Although the primary objective of generating Bitcoin was to combat the financial monopoly in the context of online financial trades, by including great investors in this market, a large volume of trades is merely limited to a specific minority group in Bitcoin network in time. It is estimated that more than 40% of the volume of Bitcoin capital is in 1000 digital wallets. This issue has caused a change in the decentralized financial structure of Bitcoin.

Counos Platform intends to minimize similar problems in addition to achieving positive features through offering a strategy based on the experience of successful cryptocurrencies. According to the official notice by Counos platform, Counos coin will be distributed publicly among all users who register in this platform and install its wallet. Counos Coin has a similar structure to Bitcoin, and only 21 million of this coin will be mined. The limited number of mined coins can cause anti-inflation structure and balanced growth of its price in the future. More than 16,800,000 Counos Coins have been mined, and Counos platform wants to distribute 15 million of these coins among all users who register in this platform freely. This public and free offering of this cryptocurrency which experiences an appropriate trade in exchanges such as southxchangee can strengthen its decentralized application. All of these issues can have interesting results and probability of repeating this Bitcoin capital increase might not be far-fetched for Counos Coin too.

Public Offering and Its Benefits

The public offering of a cryptocurrency can result in dramatic advantages. This issue can guarantee and stabilize the decentralized structure of Counos Coin more than any other. As it was pointed out before, the primary purpose of Bitcoin was to create a decentralized financial structure, but with including huge investments, a large volume of Bitcoin capital is kept by a limited number of investors. The public offering of Counos Coin can avoid the repetition of aggregating investment. On the other hand, through removing the ownership of Counos Coin and its public offering, the Counos founder can raise its stable price growth. Moreover, this public offering of cryptocurrency can significantly increase active users in the financial platform; this increase will bring about positive evolutions in the market of cryptocurrencies in addition to its direct effect on value increase of Counos Coin.

A Lottery Every Six Months

Counos Coin has promised to hold a ten-thousand-dollar lottery every six months. Those who have at least one Counos Coin in their wallet will take part in this lottery.

The strategy of frequent lottery can cause the increase in trades in Counos platform.

Counos

Counos platform has taken other steps in financial markets based on Blockchain before the public offering of Counos Coin. Generating stablecoins based on credible global currencies and stablecoins based on precious metals are among measures taken by Counos financial platform. Counos Cash stablecoins (based on Swiss franc), Counos E (based on Euro), Counos U (based on USD) and Counos CAD (based on Canadian dollar) are cryptocurrencies with the stable price which facilitate international financial trades. These stablecoins always have a fixed value equal to the fiat currency of the countries.

On the other hand, Counos Gold and Counos Silver, are cryptocurrencies based on gold and silver, which can be applied as a source of investment in addition to facilitating global financial trades.

Counos platform has started establishing financial services according to Blockchain technology too. Counos decentralized and centralized currency exchange services will be launched in the coming week. Counos decentralized exchange system lets the users address buying and selling cryptocurrencies needless to any middleman.

Counos Escrow service can also be used as a financial service to increase the confidence level of financial contracts, buying and selling goods and services via Blockchain technology.

The free public offering of Counos Coin and giving various services can be effective in the future development of the market of cryptocurrencies and Blockchain technology.

Editor...]]>https://www.counos.io/free-public-offering-of-counos-coin-and-its-effect-on-the-future-of-cryptocurrencies
n.sherafatnejad@farhost.net (Editor)https://www.counos.io/free-public-offering-of-counos-coin-and-its-effect-on-the-future-of-cryptocurrencieshttps://www.counos.io/free-public-offering-of-counos-coin-and-its-effect-on-the-future-of-cryptocurrenciesMon, 24 Jun 2019 06:26:00 GMTTake Care of Your Electrum WalletsA hacker, or a group of them, has lately attacked electrum wallets and stole Bitcoin. About 243.59 Bitcoins (equaling the U.S $912000) have been stolen since December 21st. As a result of these attacks on electrum users’ computers, a message has been shown asking them to download a malicious wallet update, and this malicious program source is located on an anonymous repository of GitHub. Platform GitHub is for developing software.

These attacks were stopped today, at least temporarily, after GitHub admins closed this hacker’s GitHub repository; although, Electrum wallet admins are waiting for new attacks from this hacker. According to ZDNet, this hacker will relaunch phishing attacks again through a new GitHub repository or a malicious link.

These attacks were made possible due to the vulnerability of the wallet itself. This wallet lets electrum wallets show popup messages in the users’ wallet. Therefore, hackers can tell users to download their malicious software. Meanwhile, the people click on the link not knowing that this message has been sent from the hacker. Then, the users are directed to a page asking them a two-factor authentication code and through which the hackers start stealing.

How does this hacker work?

The hacker added tens of malicious servers to the electrum wallet network. If one of these Bitcoin transactions reaches these servers, they respond, and an error message is shown on the page which directs the user to their GitHub page. The user is forced to enter his/her information after clicking, downloading and opening malicious software. The software asks the user to enter his/her 2FA code. These codes are just requested before sending cryptocurrency, and it should not ask you as soon as you open the software. Finally, the hacker can transfer the aimed balance to his/her account using 2FA code.

One of the victims of attacks wrote in Reddit website that:

I had been using electrum very much. I logged in tonight to my account to send 1.4xx Bitcoins for someone. When I tried to send it, I faced the message saying: “please upgrade your account to the latest version through https://github.com/electrum-project/electrum.” This message was strange for me because of two reasons; first, this link is not in formal electrum account, and second, it didn’t let me click on it as a usual link. I had to copy it on the browser to enter. After downloading the software and entering 2FA code, I encountered an error message. Afterward, when I checked my account on another computer I realized that all of my balance had been transferred to the following address:

At the time of writing this text, more than 200 Bitcoins have been sent to an address including 243.59 Bitcoins. After the news of widespread attacks of electrum wallets, this company team silently updated the program of this wallet. Therefore, such messages were not shown to the user in rich HTML form. SomberNight, one of electrum program developers, wrote this in its GitHub and added that some developers have recently noticed 33 malicious servers added to their network; however, it is predicted that the number will be between 40-50.

Protecting your account against these attacks can be difficult, but in this special case you can easily diagnose that hackers intend to attack your account; since it asks you 2FA code at first, while this code is usually requested before doing the transaction. Similar to this event might take place for every credit card; that is, you are directed to an invalid gateway, and it asks you your card number and your passcode. Beware of such suspicious behaviors to avoid being deceived by such hackers. Hacking wallets is not very much common, and most of these attacks are in online transactions; for instance, in 2018 Japan Coincheck lost hundreds of millions of dollars during hackers’ attack.